Market Insight | ASMPT opens more than 4% lower as ASMPT's third-quarter performance guidance falls short of expectations, with overnight US stocks closing down nearly 13%

ASMPT opened more than 4% lower, as of the time of publication, it fell by 4.55% to HKD 109.2, with a turnover of HKD 71.9016 million. On the news front, on July 17th, ASML released its financial report for the second quarter of 2024. The report shows that the company achieved a total revenue of 6.24 billion euros in the second quarter, a year-on-year decrease of 9.6%; achieved a net profit of 1.6 billion euros, a year-on-year decrease of 18.7%, and achieved a gross profit margin of 51.5%. ASML expects the net sales for the third quarter of 2024 to be between 6.7 billion and 7.3 billion euros, with a gross profit margin between 50% and 51%, lower than the expected 7.46 billion euros from the outside world. Overnight, ASML's stock in the US fell by 12.74%. It is reported that UBS recently stated that it maintains a constructive view on ASMPT's Thermo-Compression Bonding (TCB) technology, and believes that the possibility of breakthroughs in its 12-layer HBM3E and HBM4 aspects is increasing for the years 2025 to 2026. At the same time, the company has started delivering TCB for 2.5D packaging to companies such as TSMC this year, and expects to deliver more next year and beyond